MANILA, Nov. 27 -- About 99.92 percent of the 1,284 retail businesses nationwide that were monitored for compliance on price freeze for basic commodities heeded the measure, except for one from Metro Manila.
A show-cause order for possible overpricing has been issued to the owner of the business establishment, who is given 48 hours to explain, the Department of Trade and Industry (DTI) said Wednesday night.
A 60-day price freeze on basic goods was put in place since Nov. 6 following Malacanang's declaration of a state of national calamity to address the economic impact of Typhoon Tino ( international name Kalmaegi) and Super Typhoon Uwan (international name Fung-wong).
Under the Price Act, or Republic Act 7581, the prices of basic nece...
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